-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AUqV5gmzU1nJn2bgYKdzVdunkBRgK5LZrsTDViGH3TuYcRZgeHJelZsdPV8YVimn Sn7e1VQNtT/MMZpuBDq/Fg== 0000914062-04-000566.txt : 20041223 0000914062-04-000566.hdr.sgml : 20041223 20041222173917 ACCESSION NUMBER: 0000914062-04-000566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041117 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041223 DATE AS OF CHANGE: 20041222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRG SCHULTZ INTERNATIONAL INC CENTRAL INDEX KEY: 0001007330 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ENGINEERING, ACCOUNTING, RESEARCH, MANAGEMENT [8700] IRS NUMBER: 582213805 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28000 FILM NUMBER: 041221796 BUSINESS ADDRESS: STREET 1: 600 GALLERIA PARKWAY STREET 2: STE 100 CITY: ATLANTA STATE: GA ZIP: 30339-5949 BUSINESS PHONE: 7707793311 MAIL ADDRESS: STREET 1: 600 GALLERIA PARKWAY STREET 2: STE 100 CITY: ATLANTA STATE: GA ZIP: 30339-5949 FORMER COMPANY: FORMER CONFORMED NAME: PROFIT RECOVERY GROUP INTERNATIONAL INC DATE OF NAME CHANGE: 19960207 8-K 1 prg8k111704.txt OTHER EVENTS 8-K - -------------------------------------------------------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 -------------------------------- FORM 8-K -------------------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): NOVEMBER 17, 2004 -------------------------------- PRG-SCHULTZ INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) -------------------------------- GEORGIA 000-28000 58-2213805 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 600 GALLERIA PARKWAY, SUITE 100 ATLANTA, GEORGIA 30339-5949 (Address of principal executive office) (zip code) Registrant's telephone number, including area code: (770) 779-3900 N/A (Former name or former address, if changed since last report) -------------------------------- Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) - -------------------------------------------------------------------------------- ITEM 8.01. OTHER EVENTS. On December 16, 2004, PRG-Schultz International, Inc. (the "Company") announced that it has been awarded a contract to provide audit recovery services to the State of Arizona. The press release announcing the contract is filed as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference. Except for the historical information contained in this report, the statements made by the Company in this report are forward-looking statements that involve risks and uncertainties, including statements and implied assertions regarding: whether other governmental entities may pursue recovery audit services, whether those who do so will retain the Company to provide such services, whether and to what extent such audits will identify significant overpayments, and whether the Company's audit will ultimately save money for Arizona taxpayers. All such statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. PRG-Schultz's future financial performance and future events could differ significantly from the expectations of management and from results expressed or implied in the Press Release. The outcome of such contingencies may be affected by a number of factors. See the "Risk Factors" section of PRG-Schultz's Form 10-K filed March 5, 2004 with the Securities and Exchange Commission, for a discussion of certain risks and uncertainties that may impact such forward looking statements. PRG-Schultz disclaims any obligation or duty to update or modify these forward-looking statements. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements. (b) Pro Forma Financial Information. (c) Exhibits. Exhibit Number Description -------------- ----------- 99.1 December 16, 2004 Press Release Announcing Contract with the State of Arizona 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, PRG-Schultz International, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PRG-SCHULTZ INTERNATIONAL, INC. Date: December 21, 2004 By: /s/ Clinton McKellar, Jr. --------------------------------------- Clinton McKellar, Jr. General Counsel and Secretary 3 EX-99 2 prg8k111704ex99a.txt PRESS RELEASE EXHIBIT 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE ARIZONA EMBRACES RECOVERY AUDITING; ADOPTS FORTUNE 500 CORPORATE BEST PRACTICE TO MAKE EVERY TAXPAYER DOLLAR COUNT; PRG-SCHULTZ AWARDED TWO YEAR RECOVERY AUDIT CONTRACT ATLANTA--(BUSINESS WIRE)--Dec. 16, 2004--PRG-Schultz International, Inc. (NASDAQ: PRGX) today announced that the State of Arizona has awarded the company a contract to provide comprehensive recovery audit services over the next two years with a maximum contract extension of an additional three years, beginning November 17, 2004. Under the contract, PRG-Schultz will examine Arizona's procurement and disbursement data including Medicaid. The contract was awarded as part of Governor Janet Napolitano's Efficiency Review program to improve the performance and efficiency of State government. Terms of the contract were not disclosed. John Cook, Chairman and Chief Executive Officer of PRG-Schultz stated, "The State of Arizona is in the vanguard of state and local governments in recognizing the need to adopt recovery auditing, a best practice of Fortune 500 companies. Governor Napolitano and State Comptroller Clark Partridge recognize that vendor overpayments and contract oversights are costs that can and should be controlled, and are not just a cost of doing business. By adopting recovery auditing, Arizona can make every taxpayer dollar count. Cook added, "We are pleased to be working with Arizona, and to have the opportunity to conduct a comprehensive audit, including Arizona's Medicaid. PRG-Schultz has the necessary expertise to help Arizona identify, validate and recover overpayments quickly and efficiently, with the ultimate goal of saving money for Arizona taxpayers. We believe that as more state and local governments follow Arizona's lead and adopt the best practices of Fortune 500 companies, more overpayments will be identified and recovered." About PRG-Schultz International, Inc. Headquartered in Atlanta, PRG-Schultz International, Inc. (PRG-Schultz) is the world's leading recovery audit firm. PRG-Schultz employs approximately 2,900 employees, providing clients in over 40 countries with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG-Schultz industry specialists review client invoices, purchase orders, receiving documents, databases, and correspondence files to recover lost profits due to overpayments or under-deductions. - ---------------------------------------- CONTACT: PRG-Schultz International, Inc. James Moylan, 770-779-6605 - ---------------------------------------- SOURCE: PRG-Schultz International, Inc. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding PRG-Schultz International, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. -----END PRIVACY-ENHANCED MESSAGE-----